OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 120 High Street, Game Retail Investment, Ayr, KA7 1PR

IMMEDIATE INCOME PRODUCING INVESTMENT. Prime town centre commercial investment let to Game on F.R.I lease until March 2022. Prominent ground floor unit located within the popular Ayr Town Centre.

Internally the property is laid out in accordance with the tenants corporate specifications, with floors overlaid in commercial linoleum with lighting provided by way of halogen spots and fluorescent strips recessed within the suspended acoustic tile ceiling. The rear of the demise has been partitioned to form store room, staff break area and w.c facilities.

PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street with well-established national retailer in occupation giving rental income of £10,000 per annum. **PERFECT ADDITION TO ANY PORTFOLIO**

Super High Street trading position with neighbouring occupiers including Boots, Burger King, Holland and Barrett, Iceland, Waterstones, TK Maxx and O2. Perfect location for large car park, bus station and train station.

Ayr is a popular coastal market town with a population of 50,000 people making it the largest settlement in Ayrshire. The town benefits from excellent transport links and has always been considered Ayrshire’s premier shopping destination.

IMMEDIATE INCOME PRODUCING INVESTMENT. Prime town centre commercial investment let to Game on F.R.I lease until March 2022. Prominent ground floor unit located within the popular Ayr Town Centre. Historically LET for £53,000 PER ANNUM - current lease can be terminated with 3 months notice at anytime. Internally the property is laid out in accordance with the tenants corporate specifications, with floors overlaid in commercial linoleum with lighting provided by way of halogen spots and fluorescent strips recessed within the suspended acoustic tile ceiling. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street with well-established national retailer in occupation giving rental income of £10,000 per annum. **PERFECT ADDITION TO ANY PORTFOLIO** Super High Street trading position with neighbouring occupiers including Boots, Burger King, Holland and Barrett, Iceland, Waterstones, TK Maxx and O2. Perfect location for large car park, bus station and train station. Ayr is a popular coastal market town with a population of 50,000 people making it the largest settlement in Ayrshire. The town benefits from excellent transport links and has always been considered Ayrshire’s premier shopping destination.

Ayr is a popular coastal market town with a population of 50,000 people making it the largest settlement in Ayrshire. The town benefits from excellent transport links and has always been considered Ayrshire’s premier shopping destination.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: March 2022
Rent: £10,000 per year / £833 per month
Yield: 3% (approx)
Tenant: Company
Notes: Tenant: Game Retail Limited Expiry: 24th March 2022 Passing Rent: £10,000per annum Either party can terminate the lease by providing 3 months notice to the other.

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Location

Pricing Information & Bidding

Opening Bid: £251,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 27 January 2022, 10am-3pm
Type: Timed Online Auction

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